Business Applications of Neural Networks: The State-Of-The-Art of Real-World Applications (Progress in Neural Processing)

Rating:
Summary: An excellent overview of real-world neural net applications
Review: This is a nice collection of a variety of neural network-based applications in a varity of industries in particular financial and telecommunication. It is an overview of these business applications and the text describes high level technical descriptions of these applications without getting into too much technical details. These are real-world applications with different levels of business success in terms of revenue generation. As an example, "Falcon credit card fraud detection" application is a world-known software product, has 85% of payment card fraud detection market, and is currently protecting 450,000,000 credit/debit cards all over the world.

For those who are interested in nueral network technology, this book provides a helpful overview of successful applications of this technology in niche markets. It shows that money can be made by applying the technology smartly to particular applications and it is not just a technology on the shelf with no use. For the business readers, this is an excellent overview of applications of how an advanced technology such as neural nets can successfully be emplyed in solving real-world business problems in markets such as financial, telecommunication, etc.